01
Open an account
An email, a password and an ID check in the SmashPay hub. No US address, no US bank account, no branch visit.
Send money to
Philippines
USD out of your SmashPay balance, PHP into their bank account on InstaPay and PESONet. One all-in price of 1.19% to 3.49% depending on how much you send — the fee and the exchange markup together, with no second number underneath it.
Open an account2.19M
Total OFWs
Overseas Filipino workers, 2024.
Source: Philippine Statistics Authority
$39.6B
Total annual remittances
Sent home in 2025 — a record year.
Source: Bangko Sentral ng Pilipinas
1.19%
Low fees
All-in on the largest transfers — fee and exchange markup together.
Minutes
Typical arrival
InstaPay clears in real time, at any hour; larger transfers go by PESONet.
How to send money online to the Philippines from the USA
Four steps, and the price is on the screen before you commit to any of them.
02
Add dollars
Hold them as USD for as long as you like — they earn up to 6.5% APY depending on your plan while they sit there. Nothing converts until you tell it to.
03
Enter their bank details
The account and the amount. You see the PHP figure they will receive, and the all-in percentage, before you confirm anything.
04
Send
It leaves your USD balance and arrives in their Philippines bank account over InstaPay and PESONet. Most transfers land within minutes, at any hour.
The best ways to send money abroad with SmashPay
Three things one USD balance can do. Which one is cheapest depends on what the money is for.
Straight to a bank account
The one this page is about. USD out of your balance, PHP into theirs on InstaPay and PESONet, at 1.19% to 3.49% all-in depending on the amount.
Hold the dollars until you are ready
There is no rule that says you convert today. Dollars sitting in your balance earn up to 6.5% APY depending on your plan, and the exchange happens when you send, not when you deposit.
Or spend it directly
A SmashX card spends the same balance at most merchants that accept cards, and a virtual card on Mastercard as well — useful when the money was never meant to become PHP at all.
See why people choose SmashPay for money transfers to Philippines
1.19%
All-in on the largest transfers
Everything included. Banks quote a fee and then take the exchange spread as well.
Local
InstaPay and PESONet
The last mile is a domestic transfer, not a chain of correspondent banks.
Up to 20%
Off on a paid plan
Plus, Premium and Metal each take more off the same published price.
Save while you send, with SmashPay
Priced on the amount sent, not on your plan. A paid plan then takes 10%, 15% or 20% off whatever that comes to.
| You send | All-in | On Metal |
|---|---|---|
| Up to $50 | 3.49% | 2.79% |
| $50 – $300 | 2.49% | 1.99% |
| $300 – $1,500 | 1.79% | 1.43% |
| $1,500 – $5,000 | 1.39% | 1.11% |
| $5,000 and above | 1.19% | 0.95% |
All-in means the transfer fee and the exchange markup together. There is no separate spread underneath it, and nothing converts until you tell it to.
How long does it take to transfer money to the Philippines from the USA?
The last mile decides it, so here is each rail on its own rather than one blended promise.
| Rail | Typical arrival | What decides it |
|---|---|---|
| InstaPay | Within minutes | The real-time rail, open 24 hours a day including weekends and public holidays. The network itself caps a single InstaPay transfer at ₱50,000. |
| PESONet | Same banking day | Anything above that cap goes by PESONet, which settles in batches rather than one at a time. Sent before the cut-off on a banking day it lands that day; after it, the next one. |
A first transfer can take longer while the identity check completes. After that the timings above are the whole story.
How we keep your money transfer safe
The same controls apply to a $50 transfer and a $50,000 one.
Verified
KYC / KYB screening
Identity and business verification runs through our regulated compliance partner before an account or card is issued.
AML / BSA
Full program in place
Anti-money-laundering and Bank Secrecy Act controls apply to every account.
FinCEN MSB
Registered by default
SmashPay Inc. is a registered Money Services Business with FinCEN.
Confirm first
You approve the figure
The PHP amount and the all-in percentage are both shown before you confirm. Nothing converts on its own.
More detail on how balances are held and how cards are issued is on the security page.
So many reasons to send money to Philippines with SmashPay
Family and friends
Regular support, sent the same way each month
- Straight to their bank on InstaPay and PESONet
- They see PHP, not a dollar figure to work out
- Down to 1.19% as the amount rises
- No US address needed to open an account
Freelancers and remote workers
Paid in dollars, living in PHP
- Hold USD and convert when you choose
- Up to 6.5% APY by plan while it sits there
- One all-in price, no hidden spread
- Spend the balance on a SmashX card
Small businesses
Paying people and suppliers in Philippines
- One USD balance out to every corridor
- Larger amounts priced at 1.19%
- A figure you can put on an invoice
- Team access and card controls
Much more than just a money transfer app
The transfer is one thing the account does. Here is the rest of it.
A multi-currency account
Hold balances in more than one currency and move between them when the rate suits you, rather than at the moment a payment happens to arrive.
Virtual and physical cards
SmashX cards spend the same balance at most merchants that accept cards — and virtual cards on Mastercard too, wherever that is the better network. Card controls and limits are yours to set. A virtual card is issued straight away.
Yield on what you are not using
Idle dollars earn up to 6.5% APY depending on your plan, and you can withdraw whenever you choose. Money waiting to be sent does not have to sit still.
Plans that pay for themselves or do not
Plus, Premium and Metal take 10%, 15% and 20% off transfers and raise the rate you earn. If you send rarely, the free plan is the honest answer.
Explore our multicurrency accounts and more
Money transfer to Philippines FAQs
What does it actually cost?
Between 1.19% and 3.49% of what you send, depending on the amount — smaller transfers cost proportionally more because the fixed costs are the same. That figure is the fee and the exchange markup together. A paid plan takes 10%, 15% or 20% off it.
How long does the transfer take?
Most transfers land within minutes, at any hour. The table above breaks it down by rail. A first transfer can take longer while the identity check completes.
How does the money arrive?
Into a Philippines bank account over InstaPay and PESONet, the same rails a domestic transfer uses. You enter the account details once and see the PHP amount before you confirm.
Can I send at the weekend or on a holiday?
Yes. You can start a transfer at any time. Whether it lands immediately depends on the rail it takes — the real-time rail runs around the clock, and anything that settles in batches waits for the next banking day.
Do I need a US bank account?
No, and you do not need a US address either. You hold real US dollars with SmashPay and send from that balance.
What happens to my money before I send it?
It stays in USD and earns up to 6.5% APY depending on your plan. Nothing converts automatically — the exchange happens when you send, at the rate you were shown.
What exchange rate do I get?
The rate shown in the converter at the top of this page, which moves with the market. The markup is already inside the all-in percentage, so there is no second number underneath the one you were quoted.
Is there a limit on how much I can send?
There is no monthly cap on what you can send. Larger transfers cost proportionally less, down to 1.19% above $5,000. Individual rails have their own per-transfer caps, which is why a large amount may travel by a different one.
What if I get the bank details wrong?
Check them before confirming — a transfer sent to a valid account that belongs to someone else is difficult to recall on any network. If a transfer cannot be credited it is returned to your balance.
